Signing of Mandate for PKR 7.2 billion to Fund Existing Hydel Projects of KPK

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Pakhtunkhwa Energy Development Organization signed a Term Sheet with a consortium of HBL – Habib Bank Limited and The Bank Of Khyber (BOK) to raise PKR 7.2 billion term finance facility for under-construction existing hydel projects. This will work to enable the vast hydro power potential in Khyber Pakhtunkwa.

With the support of SEED and Bridge Factor Pvt Limited in providing technical assistance will enable PEDO to be financially independent and sustainable through deployment of funds on projects to generate revenue in the future.